St. Louis thermoformer and film maker Anchor Packaging Inc. has opened a Hong Kong office and will launch manufacturing in China later this year.
The office handles procurement, quality assurance and engineering and will allow the firm to ``take advantage of variations in resin and other raw material prices across the globe,'' the company said.
The office is operating as Source One, a well-known name in Asia, said Michael Thaler, Anchor vice president of marketing. In a Sept. 19 telephone interview, he also said the Hong Kong office is a joint venture between Anchor Packaging and Gregory Glass, the new general manager for Asia.
Glass is a 25-year veteran in the sourcing industry and has been based in Hong Kong since 1991. He will have 12 employees working for Anchor.
Thaler said Anchor will look into manufacturing in Taiwan or the Chinese mainland in the next few months to serve European and American customers. In the long term, however, the company aims to supply the Chinese market with locally made products, Thaler said.